CDH raises $900m in WH Group selldown

Chinese private equity firm sells its stake in the pork producer two years after the company’s IPO.

Chinese private equity firm CDH Investments raised HK$7 billion $900 million by selling about one-third of its stake in WH Group through an overnight block trade on Wednesday, taking advantage of the stock’s rally since its full-year results in late March.

Market participants familiar with the Chinese pork producer should not be surprised by CDH’s decision. In fact, the private equity firm was one of WH Group’s pre-IPO investors that intended to sell...